SYSCO CORP (SYY) Stock Technical Analysis
USA - NYSE:SYY - US8718291078 - Common Stock
Taking everything into account, SYY scores 0 out of 10 in our technical rating. SYY scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of SYY is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
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69.05
When analyzing the support we notice one important area.
- A support zone ranging from 69.75 to 70.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @76.33 from a horizontal line in the daily time frame.
- A resistance zone ranging from 78.59 to 83.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for SYY is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SYY is down. |
| ChartMill Relative Strength | 26.96 | NEGATIVE | SYY has a low relative strength, it was outperformed by 73.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SYY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SYY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SYY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 33.39 | NEUTRAL | The RSI value for SYY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.31 | NEGATIVE | The MACD value suggests SYY has a negative trend. |
| Stochastics (14,3) | 13.77 | OVERSOLD | The low Stochastics value suggests SYY may be oversold. |
| Average True Range in percent/ATR (20) | 1.91 | LOW VOLATILITY | The low ATR as a percentage value for SYY suggests low volalility. |
| Average Directional Index/ADX (14) | 21.76 | NEUTRAL | The ADX value for SYY suggests a possible start of a new trend. |
75.89
-2.11 (-2.71%)
SYSCO CORP / SYY FAQ
What is the ChartMill technical rating of SYSCO CORP (SYY) stock?
ChartMill assigns a technical rating of 0 / 10 to SYY.
Can you provide the trend direction for SYSCO CORP?
The current trend direction for SYSCO CORP (SYY) is Bearish.
What is the RSI signal for SYY stock?
SYSCO CORP (SYY) has an RSI value of 33.3946. This indicates that the stock is currently neutral.
Can you provide the short term momentum for SYSCO CORP?
The short term momentum for SYSCO CORP (SYY) is negative.
What is the support and resistance level for SYY stock?
SYSCO CORP (SYY) has a support level at 70.43 and a resistance level at 76.33. Check the full technical report for our detailed analysis of SYY support and resistance levels.